When does JPM pay out bonuses / how long do I have to stay?
Basically title.
Leaving for PE and want to find out when is the earliest I can quit. I know they pay out on Aug 15, so do I have to be employed until July 31 or is there an earlier date?
Based on the most helpful WSO content, JPMorgan typically pays out bonuses on August 15. To ensure you receive your bonus, you generally need to remain employed through the end of July. However, it's crucial to confirm the specific terms of your employment contract or bonus agreement, as some firms may have additional stipulations, such as requiring you to be employed on the actual payout date (August 15 in this case).
If you're planning to leave for PE, it might be worth discussing your situation with the PE firm to see if they can accommodate a later start date, allowing you to secure your bonus before transitioning.
Sources: CIB Credit Risk J.P. Morgan, https://www.wallstreetoasis.com/forum/investment-banking/jefferies-are-these-rumors-true?customgpt=1, Leave 100k+ bonus for Immediate PE Offer?, JPM Bonuses, Gap period between IB and PE
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